Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

A full service Thai brokerage

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

Equity Bottom-Up

Srinanaporn Marketing Public Company Limited / Equity Bottom-Up

Srinanaporn Marketing Public Company Limited (SNNP TB)

Srinanaporn Marketing Public Company Limited

<ul><li>The 1Q24 earnings came out as expected, and we forecast an acceleration in the remainder of the year.</li><li>Therefore, we maintain our projection and our Outperform rating, with a fair value of Bt21.35.</li><li>Our valuation metrics indicate that the stock is attractive based on both the short-term and long-term earnings growth prospects.</li></ul>

The 1Q24 earnings came out as expected, and we forecast an acceleration in the remainder of the year.Therefore, we maintain our projection and our Outperform rating, with a fair value of Bt21.35.Our valuation metrics indicate that the stock is attractive based on both the short-term and long-term earnings growth prospects.

Srinanaporn Marketing - 1Q24 Earnings Grew 2% YoY but Decreased 4% QoQ, as Expected